Indian stock indices ended slightly lower on Thursday, December 28 as market participants do not see any reason to extend the uptrend ahead of New Year’s celebrations. Trading has been subdued over the last few sessions, with the bulls taking to the sidelines. The only exception was metals names that logged gains amid rising copper prices. By the close, the Nifty 50 dipped 0.12% to 10,477.90, and the BSE Sensex was 0.19% lower at 33,848.03. In the blue-chip universe, Hindalco Industries, UPL and Vedanta stood out, adding over 2%. Conversely, Oil and SBI underperformed, giving up over 2%. The USD/INR pair weakened 0.05% to 64.096. The 10-year Indian government bond yield widened 1.76% to 7.346%. In the commodities sector, Vedanta advanced 2.1% as copper prices rose on news that Chinese copper imports increased. Hindalco Industries, another aluminum and copper producer, surged 3.4%. Real estate developer Kolte-Patil Developer surged 3.2% on reports that investment firm KKR is planning to invest in the company. The daily chart shows that the BSE Sensex appears overheated and can be expected to extend the downward correction in the short term.